Daily Ag Direction1/30/25
Good Morning!
Soybeans and corn are seeing some profit taking this morning while wheat is holding on to its gains for now. Yesterday, saw some big fund buying especially in corn. Soybean yield reports in Mato Grosso are generally above average with some reporting record highs in the 70bpa range. A large fire was reported at the Rumo rail terminal in Rondonopolis, which is the main rail hub for shipments to Santos. As of this morning, there is no confirmation of the extent of damage, but during harvest this terminal dumps an average of 2K trucks per day.
Wheat futures were mostly unchanged overnight and slightly up this morning. Egypt is estimated to have bought 1mmt of Russian wheat last week. Russia’s Ag Minister said 82% of their winter crops are in good shape. Tariffs are still the talk of the market but with nothing confirmed, they bring a whole new level of uncertainty to the market. Expect price swings to continue to be volatile.
If you are interested in enrolling bushels into a JSA Select contract for milo, soybeans, or corn please contact your CEA Risk Management Advisor. Deadlines for entrance to the program is February 1st.
March KC Wheat is +3.5 @ $5.8375
July ’25 KC Wheat is +3 @ $6.0275
March Corn is -6.5 @ $4.905
Dec’25 Corn is -3.25 @ $4.635
Jan’25 Soybeans -16.5 @ $10.44
Nov’25 Soybeans -10 @ $10.535
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day!
Mike Hellman
580-532-5126
